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Azerbaijan

About Banking in Azerbaijan

The Central Bank of the Republic of Azerbaijan is the central bank of the country.

The World Economic Forum, in its report - The Global Competitiveness Report 2010–2011, has ranked Azerbaijan at # 114 with a score of 4.4 in terms of soundness of banks in the country. The rank further deteriorated to #135 and a score of 3.8 as per 2011-12 report and improved to #133 with a score of 3.8 as per 2012-13 report before improving further to 4.2 and a rank of #112 as per 2013-14 report.